50% Off Sale – Bargain or Buyer Beware

The Fast Money traders have been saying for months that in this current market, stick with what’s working.

In other words, buy relative strength and avoid relative weakness.

But with investors avoiding the laggards, shares in some our nation’s best known companies have gone tumbling.

In fact, we’ve identified 10 marquis brands whose stocks are down over 50% this year. Take a look:

Company

Decline YTD

Research in Motion

-75%

Alpha Natural Resources

-67%

Monster Worldwide

-67%

MEMC Electronics

-65%

Netflix

-61%

Bank Of America

-60%

AIG

-60%

US Steel

-54%

Sears

-54%

Computer Sciences

-52%

The 50% Off Club: Buy or Beware in 2012

The Fast Money traders with the play on Wednesday's markets, and the trade on stocks that have lost more than half their value in 2011. Also, a look at investment opportunities in Treasuries.

Considering many of these companies are household names, are you looking one great big bargain shopping opportunity? Or is this just a case of buyer beware? What's the trade?

Strategy Session with the Fast Money traders

Pete Najarian is bullish on ANR. “It’s been a favorite of mine,” he says. “The stock is now trading at half book value and the P/E value near single digits. When I look at future growth I think it’s either a takeout target or it goes a lot higher.”

Anthony Scaramucci is cautious of Sears. “I think the stock is broken and it will remain flat to down until they unleash a big surprising idea – but a big idea could come in 2012.”

Brian Kelly wouldn’t go near BofA . “They continue to sell off assets and that’s not a good sign for a company. Until they stop selling off assets I wouldn‘t touch it.”

Stephen Weiss remains a Netflix bear.” It’s always a sign of trouble when the model changes. And content costs continue to go up. I still think it’s a short.”

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Trader disclosure: On Dec. 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Kelly is long KRE; Kelly is long IWM; Kelly is long US T-bonds; Kelly is short the Yen; Kelly is short the Swiss Franc; Kelly is short UBS; Kelly is short CS; Weiss is long QCOM; Weiss is long GM; Weiss is long WLP; Weiss is long AAPL calls; Karabell owns shares of APPLE (AAPL); Karabell owns shares of CATERPILLAR (CAT); Najarian is long AAPL; Najarian is long C; Najarian is long INTC; Najarian is long MOS; Najarian is long YHOO; Najarian is long WFC

Ron InsanaNo disclosures

Jim RogersRogers owns goldRogers owns silver

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